Grinnell Regional Medical Center

Analysis

Grinnell Regional Medical Center is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grinnell Regional Medical Center reported income of $64.4m and spending of $64.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.1m to $64.4m (+34%), an average of +7.6% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grinnell Regional Medical Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Albany Area Primary Health Care Inc ($64.4m), Bonner General Hospital Inc ($64.4m) and Tampa General Provider Network Inc ($64.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.0m (1.6% of expenses). Other salaries and wages came to $32.1m. At year end it held assets of $33.0m against liabilities of $21.5m, net assets of $11.5m. It reported 386 employees.